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Stellus Capital to launch common stock offering

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Stellus Capital to launch common stock offering

Stellus Capital Investment Corp. is planning to launch a public offering of its common stock.

Net proceeds from the offering will be used to repay outstanding amounts under its credit facility and for general corporate purposes, including investing in debt or equity securities or for working capital requirements.

Raymond James & Associates Inc., Keefe Bruyette & Woods Inc. and Goldman Sachs & Co. LLC are joint book-running managers for the offering.